Gold Junior Moves Higher on Assay Results

Published:

Cache Exploration Inc. (CVE:CAY), a gold junior, jumped after announcing assay results from its Kiyuk Lake project in Nunavut

Sean Mason | October 26, 2017 | SmallCapPower

More than a few speculators took a shine to a gold junior Thursday following the release of assay results. Here’s some small stocks making big moves on Thursday, October 26, 2017 (as of 4 pm EST):

Cache Exploration Inc. (TSXV:CAY) shares jumped 6% to $0.085 on Thursday after the gold junior announced the complete assay results of the 2017 summer drill program at its wholly-owned Kiyuk Lake project in Nunavut, which included 122 metres of 1.8 grams per tonne (g/t) gold.

Win Big With Our Small Cap Picks

 

As well, shares of Grande Portage Resources Ltd. (TSXV:GPG) sank 23% to $0.36 as the gold explorer released initial drill results from the Goat Vein at its Herbert Gold discovery in Alaska, which included 6.3 meters grading 7.31 g/t gold.

Aecon Group Inc. (TSX:ARE), meanwhile, reported that it has agreed to be acquired by China’s CCCC International Holding Limited for $20.37 per share in cash, or an enterprise value of approximately $1.51 billion. Aecon Group stock popped 19% to $19.73 following the announcement.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

To read our full disclosure, please click on the button below:

Related articles

Recent articles